Page 31 - NIS-English 16-31 May 2022

Towards
Towards Duty
Duty
Path
Path
Preparing for the Industrial Revolution-4.0 Food Processing Industry –
Years
Years
Rs 10,900 crore provision
For the first time, a scheme IT Hardware:
2.5 million employment
opportunities.
like PLI for industries
Provision of Rs 7,350
crore, 14 companies got
approval.
1.8 million employment
opportunities.
To increase India's manufacturing capacity and exports, a AC, LED, and Bulb –
total of Rs 1.97 lakh crore was announced in the PLI scheme Rs 6,238 crore provision
for 13 major manufacturing sectors in the fiscal years 2021– 4 lakh job opportunities.
2022, which includes mobile manufacturing and specialised Pharma industry
electronic components, manufacturing of critical starting A provision of Rs 15,000
materials, intermediate drugs and active pharmaceutical crore.
4 lakh job opportunities.
components, and medical devices, which were already 21 applications have been
announced. Finance Minister Nirmala Sitharaman stated in the approved and 6 projects have
general budget that the production-linked incentive scheme in started.
14 sectors has received an overwhelming response in order to Pharmaceutical API (raw
achieve the target. It has the potential to generate 60 lakh new material of medicines) -
job opportunities. In the next five years, there is the potential Rs. 6,940 crore provision
49 applications for bulk
for an additional Rs 30 lakh crore in revenue. In ten sectors, medicine were approved and
410 proposals have been approved. eight projects started.
AT THE NEW PEAK OF PROGRESS Telecom Manufacturing – Rs
12,195 crore provision
40 thousand job openings
EXPORTS REACH A NEW HIGH OF $418 BILLION Solar Power PV Modules-
In the fiscal years 2021– 2022, India FOREIGN EXCHANGE RESERVES GROWING Provision of Rs.45,00 crore.
1.5 million employment
set a new record for merchandise As of November 2021, India has become opportunities.
exports. During this one year, the Electronic Manufacturing:
the fourth largest foreign exchange
total value of exports stood at $418 reserve country in the world after China, A provision of Rs 40,951 crore
billion. Japan, and Switzerland. has been made.
2.5 million job opportunities.
India is now the world's second-largest 633.6 Medical equipment
Provision of Rs 3,420 crore.
producer of mobile phones 577 2.5 million job opportunities.
In 2014-2015, mobile phone Automobile components: a
production was around 6 crore 477.8 2021-22* provision of Rs 42,500 crore.
units worth Rs 19,000 crores, which 2020-21 (31 December, 2021) 7.5 lakh employment
opportunities.
increased to 30 crore units and 2.20 Drones and related products:
lakh crores in 2020-2021. There were 2019-2020 Provision of 120 crores in 3
only two factories producing cellular years.
phones and parts in 2014, but that 10,000 job openings and 900
number increased to 200 by 2021. crores in revenue
Textiles:
RISING TRUST OF THE GLOBAL COMMUNITY: RECORD FDI Rs 10,683 crore provision.
7.5 lakh employment
opportunities.
The investor-friendly FDI policy by 2020–21, India received the highest Special Steel:
the government and the growing annual FDI inflow of US $81.97 Provision of Rs. 6,322 crore.
confidence of the global community billion (provisional), representing a 5.25 million employment
are testaments to the fact that FDI 10% increase over the previous year. opportunities.
inflows have risen to new record FDI inflows in the first six months Unnat Rasayan Cell—Provision
levels. FDI inflows into India were of 2021-22 increased by 4 percent of Rs. 18,100 crore.
recorded at US $45.14 billion in the to $42.86 billion, as compared to target of achieving 50 GW/
year 2014-15, registering steady $41.37 billion in the same period last hour manufacturing capacity.
growth since then. In the years year.
New India Samachar May 16-31, 2022 29